This is from the T&C Live Chat Room on 8/27/09 at 2:47PM EST when Gold was on the 945-950 bar.

”

chanakya wrote:14:47:11 ‹chanakya› don’t track gold that much but…it is about to break out to the upside from a year long wedge. measuring (not exact) close to $175, add to 950-960 = 1125-1135…..

”

We are seeing the Gold breakout today, with the trade worth $30 or so on the 4th TD from call.

Here is the breakout measurement, approximately.

“Chanakya″

(T&C Forums – Knowledge Contributor)